Practice Management
Benefits of Tax Planning for Dentists
There is no doubt that accurate and efficient tax planning is vital for the success of your dental business. Operating a profitable dental practice entails more than just tax preparation. It requires the right tax planning to enable you to minimize, defer, or eliminate the amount of taxes your business owes. Rather than take on…
Read MoreBest State to Start a Business
What is the best state to start a business? The state of Utah is considered the sixth best destination, or state, for both starting a new business, and opening a small business, in two separate national reports, released recently, that used various quality-of-life and business environment metrics. Utah ranked especially well for consumer spending, and…
Read MoreRunning a Successful Dental Practice
Running a dental practice is no joke. In this age of the internet which includes countless online directories, there have never been more options available for consumers when it comes to selecting a dentist’s office. In addition to searches online, consumers can also use social media to inquire with their friends about which dentist is…
Read MoreHow To Protect Your Dental Practice If A Partner Become Disabled
Disability is a reality for many people in the United States. According to the Social Security Administration, one in four people will become disabled at some point before they reach retirement age. For dental practices, this can be a difficult issue to navigate. What happens if one of your partners becomes disabled? How do you…
Read More7 Steps To Protecting Your Assets
Asset protection should be a priority for anyone with – assets. With seven key steps, you can retire with confidence and leave a financial legacy for your loved ones. It is not just the super-rich who need to worry about this either; you or I could easily find ourselves in an uncomfortable situation if our…
Read MoreHOW TO MARKET YOUR PRACTICE IN 2022
Is your dental practice ready to market itself in 2022? Watch this webinar and learn how to effectively market your dental practice in 2022. We cover everything you need to know, including current marketing trends for dental professionals, platforms that work well for dentists, and more! Dean Steinman, of Ortho Marketing and expert on marketing…
Read More8 Essential Characteristics To Find The Right Team Members
Recently we had a conversation with a dentist who shared his preferred hiring strategy. He finds new team members by going to restaurants and talking to people there. He finds wait staff with people skills, are attentive to their customers, has a good memory and great personality. He even offers to put them through assisting…
Read More7 Dental Practice Management Tips for Profitable Dentists
Being a great dentist may make your patients happy, but it isn’t nearly enough to run a successful dental practice. It may be hard to hear, after all, dentists invest a lot of time and money into becoming a great dentist. However, in today’s competitive marketplace, you need to possess business savvy and have dental…
Read More7 Ways to Improve your Dental Practice Profits
There are nearly 200,000 dentists operating in the U.S. and the American Dental Association predicts this number will grow in the years ahead. It is safe to say that each one of these dentists wants to do everything possible to limit expenses and grow revenue. In order to run a successful dental practice, it is…
Read MoreBookkeeping for Cash Flow for Dental Practices
What is Cash Flow In essence, cash flow is the difference between the money generated by a business – cash inflow – and the cost to operate the business – cash outflow. As it pertains to a small business loan, for example, banks often take it a step further by incorporating personal obligations as part…
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